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Time of India
26-05-2025
- Automotive
- Time of India
Tata Motors' EV biz one of the few to report positive Ebitda margin
Tata Motors ' electric vehicle business posted a positive operating margin before depreciation and amortisation (Ebitda margin) last fiscal year, ranking among a handful of EV makers globally to achieve this, the Mumbai-based auto maker claimed in its latest annual report. The improved performance was supported by increased localisation, aggressive cost cuts, and productivity linked incentive (PLI) benefits, with the latter totalling ₹527 crore. It Includes PLI incentives of ₹385 crore for the financial year 2025 and payment of ₹142 crore as incentives for the financial year 2024. This was even as Tata Motors ' EV sales declined while its market share slipped amid heightened competition from companies such as MG Motor and Mahindra & Mahindra. India's EV market leader with six models including Tiago and Nexon saw revenue from the EV business drop to ₹8,187 crore in FY25 from ₹9,285 crore in the year before. Its retail market share fell to 55.4per cent from 73.1per cent during the period. Still, Ebitda margin rose 8.3 percentage points to 1.2per cent from a negative 7.1per cent . 'In the EV segment, we became one of the few global manufacturers to achieve positive EBITDA, on the back of a higher level of localisation, aggressive cost reduction, and securing PLI benefits,' the company said in the FY25 annual report. Tata Motors' other income last fiscal included government incentives that rose sharply to ₹3,458 crore from ₹2,971 crore in the year before. This included exports and other incentives of ₹1,021 crore and ₹617 crore for FY25 and FY24 respectively, and ₹2,438 crore and ₹2,354 crore for FY25 and FY24, respectively received by foreign subsidiaries on tax credit on qualifying expenditure for research and development. Meanwhile, it was a year of record foreign exchange earnings for the company's UK unit Jaguar Land Rover. The luxury carmaker recorded an exchange gain of ₹981 crore in FY25, compared to ₹190 crore in FY24 on account of foreign exchange and fair value adjustments, according to the annual report.
Economic Times
25-05-2025
- Automotive
- Economic Times
Tata Motors' EV biz one of the few to report positive Ebitda margin
Mumbai: Tata Motors' electric vehicle business posted a positive operating margin before depreciation and amortisation (Ebitda margin) last fiscal year, ranking among a handful of EV makers globally to achieve this, the Mumbai-based auto maker claimed in its latest annual report. The improved performance was supported by increased localisation, aggressive cost cuts, and productivity linked incentive (PLI) benefits, with the latter totalling Rs 527 crore. It Includes PLI incentives of Rs 385 crore for the financial year 2025 and payment of Rs 142 crore as incentives for the financial year 2024. This was even as Tata Motors' EV sales declined while its market share slipped amid heightened competition from companies such as MG Motor and Mahindra & Mahindra. India's EV market leader with six models including Tiago and Nexon saw revenue from the EV business drop to Rs 8,187 crore in FY25 from Rs 9,285 crore in the year before. Its retail market share fell to 55.4% from 73.1% during the period. Still, Ebitda margin rose 8.3 percentage points to 1.2% from a negative 7.1%.'In the EV segment, we became one of the few global manufacturers to achieve positive EBITDA, on the back of a higher level of localisation, aggressive cost reduction, and securing PLI benefits,' the company said in the FY25 annual report. Tata Motors' other income last fiscal included government incentives that rose sharply to Rs 3,458 crore from Rs 2,971 crore in the year before. This included exports and other incentives of Rs 1,021 crore and Rs 617 crore for FY25 and FY24 respectively, and Rs 2,438 crore and Rs 2,354 crore for FY25 and FY24, respectively received by foreign subsidiaries on tax credit on qualifying expenditure for research and it was a year of record foreign exchange earnings for the company's UK unit Jaguar Land Rover. The luxury carmaker recorded an exchange gain of Rs 981 crore in FY25, compared to ?190 crore in FY24 on account of foreign exchange and fair value adjustments, according to the annual report.
Time of India
25-05-2025
- Automotive
- Time of India
Tata Motors' EV biz one of the few to report positive Ebitda margin
Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Mumbai: Tata Motors ' electric vehicle business posted a positive operating margin before depreciation and amortisation (Ebitda margin) last fiscal year, ranking among a handful of EV makers globally to achieve this, the Mumbai-based auto maker claimed in its latest annual improved performance was supported by increased localisation, aggressive cost cuts, and productivity linked incentive (PLI) benefits, with the latter totalling Rs 527 crore. It Includes PLI incentives of Rs 385 crore for the financial year 2025 and payment of Rs 142 crore as incentives for the financial year was even as Tata Motors ' EV sales declined while its market share slipped amid heightened competition from companies such as MG Motor and Mahindra & EV market leader with six models including Tiago and Nexon saw revenue from the EV business drop to Rs 8,187 crore in FY25 from Rs 9,285 crore in the year before. Its retail market share fell to 55.4% from 73.1% during the period. Still, Ebitda margin rose 8.3 percentage points to 1.2% from a negative 7.1%.'In the EV segment, we became one of the few global manufacturers to achieve positive EBITDA, on the back of a higher level of localisation, aggressive cost reduction, and securing PLI benefits,' the company said in the FY25 annual Motors' other income last fiscal included government incentives that rose sharply to Rs 3,458 crore from Rs 2,971 crore in the year before. This included exports and other incentives of Rs 1,021 crore and Rs 617 crore for FY25 and FY24 respectively, and Rs 2,438 crore and Rs 2,354 crore for FY25 and FY24, respectively received by foreign subsidiaries on tax credit on qualifying expenditure for research and it was a year of record foreign exchange earnings for the company's UK unit Jaguar Land Rover. The luxury carmaker recorded an exchange gain of Rs 981 crore in FY25, compared to ?190 crore in FY24 on account of foreign exchange and fair value adjustments, according to the annual report.
Hindustan Times
06-05-2025
- Automotive
- Hindustan Times
MG M9 Limousine bookings open at ₹51,000
₹51,000 data-item-target-url=/auto/electric-vehicles/ data-item-story-segment=N/A> The MG M9 electric MPV was unveiled at the Bharat Mobility Global Expo 2025 as the fifth EV from JSW MG Motor India. The M9 will be a premium offering, sold alongside the Cyberster via MG Select stores. JSW MG Motor India has commenced bookings for the M9 electric limousine in the Indian market. The token amount has been set to ₹ 51,000. The M9 was initially presented in India during the Bharat Mobility Global Expo 2025. This electric limousine will be available for purchase through newly established MG Select dealerships, which will also sell the Cyberster. What is the battery and range of the MG M9? MG Motor is poised to launch the M9 electric MPV, which boasts a remarkable 90 kWh battery pack. This vehicle is anticipated to offer a range of up to 500 kilometers on a single charge. MG states that the battery can be fully recharged from a 5 per cent level in 8.5 hours when using an 11 kW charger. Furthermore, it is equipped with DC fast charging capabilities, enabling the battery to charge from 30 per cent to 80 per cent in just 30 minutes. ( Also read: MG Windsor Pro launched with more range, advanced tech, priced at ₹ 17.49 lakh ) What are the motor specifications of the MG M9? The electric motor produces a power output of 241 bhp and a peak torque of 350 Nm. The second row occupants are treated with plush ottoman seats offering heating, cooling and massage functionalities. The three-zone climate control and massage modes can be configurable via the touchscreen on the handrails. What is the top speed of the MG M9? The M9 EV is capable of reaching a maximum speed of 180 km/h. How is the interior design and features of the MG M9? The interior of the MG M9 electric MPV is designed for luxury, featuring ottoman seats in the second row. These seats are equipped with various amenities, including heating, cooling, and massage options. The vehicle provides a three-zone climate control system, which is managed through a touchscreen panel located on the handrail. This same display also allows users to adjust the massage settings. Additionally, the rear seats are fitted with individual entertainment screens. To enhance the sense of space within the EV, MG Motor has incorporated a dual-pane sunroof. The front row features a streamlined dashboard that includes two distinct screens dedicated to infotainment and driving information. Climate control and additional functions are accessible via touch buttons located beneath the infotainment display. Both front seats are equipped with ventilation and electronic adjustment capabilities. The elevated center console accommodates two cupholders, a wireless charging pad, and storage space beneath the armrest. Check out Upcoming EV Cars in India, Upcoming EV Bikes in India. First Published Date: 06 May 2025, 15:21 PM IST
Time of India
06-05-2025
- Automotive
- Time of India
MG M9 luxury EV MPV bookings begin: New details revealed
MG Motor India has opened the bookings for the new MG M9 luxury MPV. Interested customers can book the EV online or by visiting their nearest dealership, booking amount is set at Rs 51,000. The MPV was first showcased at the 2025 Delhi Auto Expo and is expected to be launched by the end of May. The M9 will be the second product that will be sold via MG's new 'Select' premium retail network, after the Cyberster. MG Motor will bring its upcoming M9 EV to India as a Completely Knocked Down (CKD) unit and assemble it at its manufacturing facility in Gujarat. This strategy offers a cost advantage, as CKD imports attract lower duties compared to Completely Built Units (CBUs), allowing the company to price the M9 EV more competitively. The electric vehicle is expected to carry an ex-showroom price between Rs 65 lakh and Rs 75 lakh. Along with opening the bookings, the company has also revealed that the EV luxury MPV will feature presidential seats. Essentially, individual second-row seats are styled after business-class airline seating. These come with 16-way power adjustment, eight massage functions, as well as heating and ventilation. The MPV also includes a dual panoramic sunroof with a yacht-inspired design, a 64-colour ambient lighting setup, and a 12-speaker audio system. Buyers can choose between pure black or cognac brown interior trims. The electric M9 features a front-wheel-drive layout powered by a front-mounted motor and a 90kWh lithium battery. The motor delivers 245 hp and 350Nm of torque, with a claimed WLTP range of 430km. In India, the MG M9 will be offered in three colour options - Mystic Grey, Luminous White and Cardiff Black. Globally, it can be had in blue and red. Visually, the MG M9 Electric showcases a boxy yet premium stance, with an impressive length of 5,207mm. At the front, it sports sleek LED DRLS and a muscular bumper, giving it a bold and modern look. The side profile is further enhanced by stylish 19-inch alloy wheels, adding to its strong road presence. Mercedes-Benz EQA 250 Long-term Review: Things to know before Buying | TOI Auto Additional highlights include powered rear-sliding doors and rear entertainment screens. Safety-wise, it gets multiple airbags, a 360-degree camera, front and rear parking sensors, disc brakes on all four wheels, and an electronic parking brake. It will also feature the Level-2 Advanced Driver Assistance System (ADAS) suite, which includes features like adaptive cruise control and forward collision avoidance assist and more. Discover everything about the automotive world at Times of India .
